CNE's Down Payment Assistance Program is designed to help homebuyers cover closing costs and down payments included in home purchase.

​

Down payment assistance of up to 5% of your home's purchase price will act as a second loan that can be paid at 0.5% below your first mortgage interest rate. Whether or not you qualify for this program will depend upon your household size and your income.

HOMEOWNERSHIP PROGRAMS

CNE Down Payment Assistance

Loans

ITIN Loans

CNE is now certified to offer ITIN mortgage loans. These loans allow those who do not have Social Security numbers to apply using their ITIN. Some preliminary qualifications include borrower having a down payment of 20% (payment can include gift funds); they must have an ITIN (SSN not required); no minimum credit score; they must provide at least one year of tax returns. Other conditions apply. If you want to learn more about this loan option, apply below.

If you feel you have been a victim of a modification scam, please take action immediately. Go to www.preventloanscams.org.

City Down Payment Assistance

CNE also offers a down payment assistance option through the City of Chattanooga. To qualify, the home must be located within Chattanooga city limits; it cannot be occupied by a tenant at time of sale; and it must go through a Housing Quality Inspection. Household income and purchase price are also qualifiers.

Fill out the form below to see if you are eligible to receive down payment assistance: